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0xResearch

The MakerDAO-Aave Debacle: Risks and Rewards of Collateralizing DAI | Analyst Round Table

Apr 10, 2024
58:41
Snipd AI
The podcast discusses Solana's transaction failures, MakerDAO collateralizing DAI with SUSD, recent default on Goldfinch, challenges in on-chain private credit markets, and the rise of Pump.Fun and meme coins.
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Podcast summary created with Snipd AI

Quick takeaways

  • MakerDAO's decision to collateralize DAI with Ethena's stablecoin raises debate on risks and merits.
  • Goldfinch's default exposes challenges in on-chain private credit markets.

Deep dives

Palm.Fun Revolutionizes the Cryptocurrency Market

Palm.Fun, a platform allowing the launch of tokens on Solana and Blas, has been making waves with its unique business model. The platform charges a fixed migration fee when a token hits the Radium pools, resulting in substantial revenue. Palm.Fun is reported to be making approximately $350,000 daily, translating to an estimated annual revenue of $100 million. The success demonstrates the profitability of providing viewpoint picks and shovels within the cryptocurrency space.

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